Cobra's Market View

He is ben Superman friend!

Unique wrote:

uempel wrote:

Claudio.dicorato wrote:Hi cobra you Think we could go to 1565 with FeD announcment ? But after all we could go to New short term pullback?

Claudio, now why should Cobra know? In such a situation anything can happen, anything. Not even God knows

Obviously, because there's no such thing as God

you would better don't know God's wrath...

The only thing that i would like to Now is why Think that New high will be short ed soon

MrMiyagi wrote:Pretty quiet on the pBar front, usually there's some chatter before FOMC blather.

Is that Pbar 155.83 from Monday any good yet

From an opex / FOMC turning point view - there is no clear analog or pattern here.

Yesterday, could be the post opex low like March 2010, though the pullback and the was pretty brief and failed to have a single solidly down day to scare people (though obviously the o/n gap on Monday did its work)

Alternatively, this could just be part of the reflexive pre FOMC bounce and there is more down to come - we have seen this in the Aug 2012 and Sep 2011 FOMC meeting periods.

I must admit that the Thursday high and pullback till yesterday is a rare, but understandable pattern, but doing it right before FOMC is something that I have not found occurring previously. The rule of thumb is that a top prior to FOMC is generally a MAJOR TOP...

I will be able to provide a clearer view of what history might suggest tomorrow morning - sorry about that.

-D

Remember guys,

After Fed announcement, first is impulsive, 2nd is fakeout/shakeout, third is real, get in.

slooow with big move coming at fomc
yes
just ask the bolinger compression on 5min

johnnywa wrote:

MrMiyagi wrote:Pretty quiet on the pBar front, usually there's some chatter before FOMC blather.

Is that Pbar 155.83 from Monday any good yet

Today's high so far is 155.72$ so it is still in play.

Unique wrote:Remember guys,

After Fed announcement, first is impulsive, 2nd is fakeout/shakeout, third is real, get in.

Cha Cha CHAAA!

Al_Dente wrote:srsly this stuff gets my vote: https://stockcharts.com/public/1684859

For those using Chrome get this https://chrome.google.com/webstore/deta ... ancpelijih
Load Cobras stockcharts and set whatever interval you'd like (i'm using random time between 1 min and 6).
For those using firefox check this http://reloadevery.mozdev.org/
For IE users errrrrrrm... get a browser so we can help Cobra
Edit: seems there is a solution for internet explorer: http://www.softpedia.com/get/Internet/O ... sher.shtml

2 min to show time.

It's GO time...

come on, no show at all?

The March FOMC statement is out.
The Committee notes that fiscal policy has become somewhat more restrictive, but maintains its $85 billion per month pace of bond buying.
In short, current monetary policy stimulus remains full speed ahead.


Read more: http://www.businessinsider.com/march-fo ... z2O6XXYz85

•*FED SEES ECONOMY RETURNING TO MODERATE GROWTH AFTER Q4 PAUSE
•*FED CONTINUES TO SEE DOWNSIDE RISKS TO ECONOMIC OUTLOOK
•*FED MAINTAINS $85 BILLION MONTHLY PACE OF BOND BUYING
•*FED SAYS FISCAL POLICY HAS BECOME SOMEWHAT MORE RESTRICTIVE

tomsky wrote:

Al_Dente wrote:srsly this stuff gets my vote: https://stockcharts.com/public/1684859

For those using Chrome get this https://chrome.google.com/webstore/deta ... ancpelijih
Load Cobras stockcharts and set whatever interval you'd like (i'm using random time between 1 min and 6).
For those using firefox check this http://reloadevery.mozdev.org/
For IE users errrrrrrm... get a browser so we can help Cobra
Edit: seems there is a solution for internet explorer: http://www.softpedia.com/get/Internet/O ... sher.shtml

Just got that reload every plug in. Works like a charm. Thanks.

Cobra wrote:come on, no show at all?

I paid for a show. It certainly wasn't for this chicken dinner.

He talks at 2:30, maybe he will say something

In DSLV 30.03. GLTA>

Claudio.dicorato wrote:The only thing that i would like to Now is why Think that New high will be short ed soon

Claudio, Cobra's site is top notch for technical info and his insights on the market...you can't get any better than here...

But if you want to supplement the info you get here with forward looking CIT's, check out changeintrend.com...